China's New Political Economy : Revised Edition book cover
1st Edition

China's New Political Economy
Revised Edition

ISBN 9780813390376
Published March 5, 1999 by Routledge
359 Pages

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Book Description

In the completely revised second edition of this highly praised book, Susumu Yabuki, one of Japan's leading China experts, and Stephen M. Harner, A Shanghai-based investment banker, present a comprehensive and accessible analysis of China's political economy.The authors provide dozens of easy-to-grasp and up-to-date graphs, charts, tables, and maps to illustrate the reality of China, as they explain and comment on political, economic, financial and trade trends.Placing issues in historical perspective, and with a view to trends into the twenty-first century, the authors survey the realities of China's area and population, agriculture, energy needs, pollution, industrial structure, township and village enterprises, state-owned enterprise reform, unemployment, economic regions, foreign investment, state finances, fiscal and monetary policy, China's financial institutions, foreign financial institutions in China, stock markets, international finance, balance of payments and exchange rate policy, corporate finance, the role of Shanghai, government institution reform, foreign trade, the roles of Hong Kong and Taiwan, U.S.-China relations, and Japan-China relations.Useful as an introduction to China's economics, finance, and politics for students, and as a desktop reference volume for corporations, organizations, and individuals considering doing business in China, this unique study fills a genuine gap in the literature.

Table of Contents

Preface to the English Language Edition -- Preface to the Japanese Edition -- Introduction -- Toward a Basic Understanding of the Chinese Economy -- A Huge Country -- Population Pressure -- The Volatile History of “Chinese Socialism” -- The Political System -- Economic System Reform -- Some Domestic Economic Problems -- Economic Growth -- Food Production -- Energy -- Environmental Destruction -- Income Disparity -- Regional Disparity -- The Consumption Revolution -- Industry Structure -- State-Owned Enterprises -- Unemployment -- Township and Village Enterprises -- Regional Economics -- State Finances, Financial Institutions and Markets, and Government Institution Reform -- The State Budget, the Fiscal System, and Monetary Policy and Trends -- China’s Banking System -- China’s Stock Markets -- China in the International Financial Markets -- Foreign Financial Institutions in China -- Corporate and Project Finance in China -- Shanghai -- Government Administrative Structure Reform -- Foreign Trade, Foreign Capital, and External Economic Relations -- Foreign Trade -- Foreign Capital -- The Asian Financial Crisis and the RMB -- Hong Kong and Taiwan -- U.S.-China Relations -- Japan-China Relations -- A Chronology of China’s Liberalization and Reform, 1978–1998 -- Key Indications for China’s Economy, 1978–1997

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